-
Bankruptcy
-
Debt consolidation
-
Stop paying debt altogether
-
Keep trying to pay off debt
So basically I’m about ~70,000 in debt at age 27 after a failed business investment. I’ve held on making minimum payments on about 12 credit cards for over a year, and I’m done. I don’t see any end in sight and I’m just flushing money down the toilet. I own 1 vehicle that I don’t want to sell because I need it to get around. It’s worth about $5000. I have nothing else to my name. Currently I make about $4000 a month with like $5000 overhead (NOT INCLUDING CREDIT CARDS) because I pay for my parents housing as well. I am working on reducing overhead and making more money to survive but I can’t with the debt anymore.
My only other issue is I am purchasing a vehicle for my father which I’ve paid off like 60% of and I still owe about $10,000 on it. I can manage the monthly payment if the rest of the debt was not weighing me down. I would like to keep that if possible.
I am the sole provider so this all falls on me and I’m not sure what to do anymore.
I appreciate any advice or help offered.
Submitted March 27, 2022 at 01:36AM by endlessnotions https://ift.tt/hxia2Z1
